@Cyndi Lees the thing that catches my eye in your post is that it would require quite a bit of work to get it started as a rental.

Go to GET STARTED > EVENTS AND MEETUPS at the top of your screen.

Starting to regret our good will to help them because it's a hassle to get it rerented and they are getting on our nervesWe did put it in writing in an email that they owe us for the entire term but that we would work to get another tenant.  

I would like to start connecting with lenders, attorneys, realtors, title companies, and all other professional in the SATX commercial real estate market.  

So I am starting the loan process over again, for the third time.  

In other words, you get $1.6 million in commitments and call for 37.5% at closing and the rest when it’s time to start construction.  

I’ve been dreaming the last few years of starting an event venue, something for weddings, gatherings, etc., preferably with a great outdoor space.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.

I would definitely start off renting most units as LTR and slowly renovate and furnish units to do MTR, having a mix of both.